Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough February 6, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Shares of the company have declined 39.4% in the past year. Pegasystems earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. The Zacks Consensus Estimate for Pegasystems 2023 earnings is pegged at $1.35 per share, rising 101.5% in the past 60 days. Shares of PERI have increased 64.9% in the past year. Perion’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 31.7%. The long-term earnings growth rate is anticipated to be 25%. The Zacks Consensus Estimate for Perion’s 2023 earnings is pegged at $2.69 per share, rising 16% in the past 60 days. Shares of ANET have increased 23.3% in the past year. The long-term earnings growth rate is anticipated to be 14.2%.Īrista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 14.2%. The Zacks Consensus Estimate for Arista Networks 2023 earnings is pegged at $5.79 per share, rising 11.5% in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here. Some better-ranked stocks in the broader technology space are Arista Networks ( ANET Quick Quote ANET - Free Report), Perion Network ( PERI Quick Quote PERI - Free Report) and Pegasystems ( PEGA Quick Quote PEGA - Free Report), each presently sporting a Zacks Rank #1 (Strong Buy). Image Source: Zacks Investment Research Stocks to Consider Shares of the company have lost 30.9% compared with the sub-industry’s decline of 26.2% in the past year. NTAP currently carries a Zacks Rank #3 (Hold). The downtick was caused by a weakening IT spending environment and cloud cost optimization. The company projected revenues in the range of $1.525-$1.675 billion. Revenues of $1.53 billion decreased 5.4% year over year and 2% at constant currency. The company anticipated non-GAAP earnings between $1.25 and $1.35 per share. The company recently reported third-quarter fiscal 2023 non-GAAP earnings of $1.37 per share, which surpassed the Zacks Consensus Estimate by 4.6% but decreased 4.9% year over year. These are the latest addition to the company’s flash storage product line, which lowers the total cost of ownership and reduces carbon footprint. In February, the company announced its plans to launch NetApp AFF C-Series and NetApp AFF A150 in March 2023. Also, the rapid adoption of FAS hybrid flash arrays and all-flash arrays bodes well. The company is well-positioned to gain from data-driven digital and cloud transformations. NetApp provides enterprise storage, data management software and hardware products and services. The collaboration will benefit clients and help them navigate the current environment. Overall, the partnership will be an asset in accelerating business transformation, driving efficiencies and sustainability, with hybrid, multi-cloud solutions. The collaboration will likely help clients increase flexibility, reduce operational complexity and risk, and securely manage, access, and analyze their data on an optimal hybrid, multi-cloud platform.
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